L K.
Tenants not wanting to pay pet fees
We have a tenants that does not want to pay for their unauthorized pet. Send them a notice to cure within this week or they may end up with eviction. I was debating would it be better to evict after the 1 of May when...
Willson Guimont
Are Reits a good invest? Why or why not?
I’m in a situation where I have a 1960 100,000 sq foot commercial property and it’s in need for a huge repair. So my question is do I keep the building or sell and go into a reit?
Jacob Bassett
Mentor-ship: A good source?
Hey everyone,This morning on the way to work I saw a yellow bandit sign. But this time it read, "Learn to Fix/Flip, wholesale, and Invest. Don't Delay. Call (xxx) xxx-xxxx." I was wondering if anyone here has seen the...
Mahsa Nicknam
Issues about filling loss in tax
I've recently heard that if an investor files loss in his investment property in filling his tax, it will effect his next mortgage by impacting on debt/income ratio. For example: If you earn $10000 from your rental pr...
Leslie Yates
1031 Exchang with mortgage payoff and no new mortgage
! We are listing our rental duplex for sale and plan to do a 1031 Exchange into a REIT. We still have a small mortgage on the property but obviously won’t have one on the REIT so my question is this: If we wait and l...
Jennifer Rodriguez
4 acres with 4 mobile homes in NC
Hello BP, this is my first post and I have a couple of questions. I have an opportunity to purchase 4 acres with 4 mobile homes that are currently tenant occupied. Total monthly rent is $1,850 and asking price is $160...
Michelle Phimmasone
Inland Empire - how much to charge for rent
Have been doing research and I know actual rent here is higher than the average data that is showing. Have a 5 bedroom house, plus huge bonus room that can be 6th bedroom, with 4 car garage and 3000 sq ft home. We jus...
Ben Tunduwani
Opinions on the Recent Wave of STR Entrepreneurs (Updated Forum)
As many landlords are aware, following Covid, there has been an uptick in "catch up" travel as lockdown restrictions ease. Among other effects, this has led to an increase in RE investors in some markets looking to re...
Aaron Almquist
Can I Do This on Owner-Occupied MFR Refi?
My scenario for my question is: I purchase a duplex to BRRRR it, have one side occupied/rented and I occupy the other while rehabbing that unit and the exterior. It comes time to cash-out refi and the lender wants to ...
Laura R.
advice on offer
Hi All,
I have found a VA foreclosure in my area that is a great deal. It is a 1000 sf 3/1 with a 1 car detached garage listed for $69,900. The other comps are both 1000 sf, 3/1, and one is the exact same mod...